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dYdX Trading

Founded Year



Series C | Alive

Total Raised


Last Raised

$65M | 2 yrs ago

About dYdX Trading

dYdX Trading provides decentralized exchange services. It offers perpetual, margin, and spot trading, and borrow or lend pools on the ethereum blockchain. The company was founded in 2017 and is based in San Francisco, California.

Headquarters Location

44 Montgomery Street Suite 2310

San Francisco, California, 94104,

United States

(415) 654-5767

dYdX Trading's Product Videos

ESPs containing dYdX Trading

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

Emerging Tech / Blockchain

Decentralized cryptocurrency exchanges permit peer-to-peer transactions straight from your digital wallet without the need for a middleman.

dYdX Trading named as Highflier among 9 other companies, including Bancor Protocol, 1inch Network, and Uniswap.

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dYdX Trading's Products & Differentiators

    dYdX Exchange

    Cryptocurrency exchange

Research containing dYdX Trading

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned dYdX Trading in 2 CB Insights research briefs, most recently on Sep 29, 2021.

Expert Collections containing dYdX Trading

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

dYdX Trading is included in 2 Expert Collections, including Blockchain.



9,238 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.



7,941 items

US-based companies

Latest dYdX Trading News

DeFi Exchange DYdX Seeks Full Decentralization As Scrutiny Rises

Mar 28, 2023

The exchange anticipates going live with the revamp in September. 28 Mar 2023, 7:11 AM IST 28 Mar 2023, 7:11 AM IST WhatsApp Save The Bitcoin, left, Ethereum, center and Dash logos on the window of a cryptocurrency exchange in Barcelona, Spain, on Thursday, Sept. 8, 2022. Photographer: Angel Garcia/Bloomberg ADVERTISEMENT (Bloomberg) -- The cryptocurrency exchange dYdX, one of the most used DeFi trading platforms, is moving closer to being a fully decentralized project as global regulators increase scrutiny of the digital-asset sector. (Bloomberg) -- The cryptocurrency exchange dYdX, one of the most used DeFi trading platforms, is moving closer to being a fully decentralized project as global regulators increase scrutiny of the digital-asset sector. The exchange, which operates in what it describes as a hybrid decentralized model, is starting a testing network that will allow developers to check for glitches before the official launch of the next version of dYdX. The exchange anticipates going live with the revamp in September. The updated network, which is known as v4, or version four, will seek to remove the role of so-called centralized entities that are currently maintain the exchange’s operations. The exchange depends on dYdX Trading Inc. to manage and match orders and blockchain technology provider StarkWare to handle some transactions data on the Ethereum network. “I think the end state for everything in DeFi has to be full decentralization,” Antonio Juliano, founder and chief executive officer of dYdX, said in an interview. “The middle ground doesn’t really work indefinitely.” Following the upgrade, dYdX Trading Inc. will continue to contribute to software development. DYdX Trading has about 50 employees, who will be paid through funds the company received from previous funding and trading fees. DYdX doesn’t operate in the US. The goal of decentralized finance, or DeFi, is to let people trade, lend and borrow via apps without intermediaries and often anonymously through the use of automated protocols. Still, questions have been raised whether many of the protocols are really under the control of specific parties. That’s become more of an issue with US Securities and Exchange Commission Chairman Gary Gensler saying recently that most cryptocurrencies appear to be securities and those that facilitate transactions need to comply with agency registration guidelines. Last week, crypto exchange Coinbase Global Inc. disclosed that it received a notice from the SEC declaring the regulator’s plans to bring an enforcement action. The decentralized autonomous organization Sushi DAO said it was subpoenaed by the SEC without saying why. Given Coinbase’s situation, Juliano said that a lot of crypto companies have given up on actively engaging with regulators in the US. The overhaul was first announced in January 2022, but was delayed for months. At that time, the project also revealed an agreement between dYdX Trading, the nonprofit dYdX Foundation and private investors to postpone the release of some dYdX tokens. The exchange’s namesake token is mainly used for trading fee discounts and project’s governance votes. (Adds in the fifth paragraph that dYdX doesn’t operate in the US.) More stories like this are available on ©2023 Bloomberg L.P.

dYdX Trading Frequently Asked Questions (FAQ)

  • When was dYdX Trading founded?

    dYdX Trading was founded in 2017.

  • Where is dYdX Trading's headquarters?

    dYdX Trading's headquarters is located at 44 Montgomery Street, San Francisco.

  • What is dYdX Trading's latest funding round?

    dYdX Trading's latest funding round is Series C.

  • How much did dYdX Trading raise?

    dYdX Trading raised a total of $87.22M.

  • Who are the investors of dYdX Trading?

    Investors of dYdX Trading include Andreessen Horowitz, Polychain Capital, Three Arrows Capital, Wintermute, Paradigm and 13 more.

  • Who are dYdX Trading's competitors?

    Competitors of dYdX Trading include Uniswap, EthosX, ZKX, Vertex Protocol, Primex Finance and 8 more.

  • What products does dYdX Trading offer?

    dYdX Trading's products include dYdX Exchange.

  • Who are dYdX Trading's customers?

    Customers of dYdX Trading include Wintermute, Kronos Research, Sixtant, Folkvang Trading and Selini Capital.

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